XTB Group Named Among Top Five Global Brokers
According to the Finance Magnates report, XTB was hierarchic the broker with the ordinal most active live accounts in the quaternary quarter of 2020. An arresting accomplishment for the award-winning forex agent that drawn the quarter with its virtually profitable year to appointment.
XTB Listed In Top Basketball team Global Brokers
The Quarterly Intelligence Report from Finance Magnates shows XTB took twenty percent place for the act of active clients using its trading services. Active clients are defined as those making a minimum of one transaction in the 3-month point with XTB boasting 72,346 in the concluding quarter of the year. This represents a 135% increase on the same quarter in 2019 where the broker ranked 20th for its energetic client station.
CEO of the XTB Group, Omar Arnaout, has this to say of the news "One of the priorities for XTB is to focus on the growing demands of our clients by providing them with the best investment offer – both in terms of instruments, platform and avail. In the fall of hold up year, we introduced an tender that includes perpetration-unblock investment in shares upfield to a monthly volume of EUR 100,000; at the same metre we are constantly improving our xStation and xStation Transferrable platforms. These activities had a vainglorious affect on our results – in 2020 we acquired over 112,000 new clients, which is as much as in 2014-2019 combined. We are not slowing down pat – in 2021 we lack to acquire at least another 120,000 new clients."
The report breaks down the top five brokers by active accounts:
- IC Markets – 191,000 active accounts
- Plus500 – 185,000 active accounts
- IG Group – 121,000 active voice accounts
- GAIN Capital – 93,000 active accounts
- XTB – 72,000 energetic accounts
Intelligence Team Lead at Finance Magnates, Sylwester Majewsk, commented "In our Quarterly Intelligence Reports, we issue rankings of the largest brokers in the FX / CFD brokers. In the last quarter of 2020, XTB's results attracted especial care – this factor achieved the largest quarterly increase in the number of active accounts, which allowed IT to startle into the top five international brokers. The information shows that the company was healthy to transform the increased involvement in investing caused by significant market volatility and attract a large group of investors, actually more than doubling their bustling accounts counterfeit in just a year."
About XTB
The broker offers 2,000+ instruments on its triumph xStation 5 and MT4 platforms. Clients can trade CFDs on forex, cryptos, indices, shares, commodities and ETFs. Regulated aside multiple bodies, including the CySEC and FCA, XTB offers a unrestrained mobile trade alarm service on with access to market analysts.
Prospective traders can choose between the Standardized and In favor of accounts with the latter offer competitive fees in return for larger volumes. The broker offers a choice of payment methods, including PayPal and Skrill along with instantaneous deposits. Tightly fitting spreads as wel bring i information technology a good option for traders looking to reduce costs.
While news of XTB Group's organic process customer base is an efficacious feat, it's perhaps expected given its laser revolve around the trading experience over the go year.
Source: https://www.daytrading.com/xtb-named-among-top-five-global-brokers
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